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    A shopkeeper uses 940 gm weight in place of one kg weight. He sells it at 4% profit. What will be the actual profit percentage? (rounded off to two de
    Question

    A shopkeeper uses 940 gm weight in place of one kg weight. He sells it at 4% profit. What will be the actual profit percentage? (rounded off to two decimal places)

    A.

    9.25%

    B.

    10.32%

    C.

    10.64%

    D.

    10.96%

    Correct option is C

    Given:
    A dishonest shopkeeper used 940 grams in place of 1000 grams
    Challenge profit = 4%
    Solution:
    Let the cost price of 1 gram = Rs.1
     Cost price = Rs. 940
    Selling price = 1000 × (100 + 4)% = Rs. 1040
    Profit of dishonest shopkeeper = 1040940940×100\frac{1040 - 940}{940} × 100​ = 10.64%


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